Hilltop Holdings Inc. increased its position in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Free Report) by 15.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,303 shares of the exchange traded fund’s stock after buying an additional 34,847 shares during the period. iShares iBoxx $ Investment Grade Corporate Bond ETF comprises 2.5% of Hilltop Holdings Inc.’s portfolio, making the stock its 3rd largest holding. Hilltop Holdings Inc. owned approximately 0.09% of iShares iBoxx $ Investment Grade Corporate Bond ETF worth $28,043,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of LQD. Payden & Rygel purchased a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $51,172,000. Farther Finance Advisors LLC lifted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 54.5% during the 4th quarter. Farther Finance Advisors LLC now owns 472,813 shares of the exchange traded fund’s stock worth $52,099,000 after purchasing an additional 166,701 shares during the period. Yorktown Management & Research Co Inc purchased a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the 4th quarter worth $882,000. Worth Asset Management LLC boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 16.2% during the fourth quarter. Worth Asset Management LLC now owns 45,333 shares of the exchange traded fund’s stock worth $4,995,000 after purchasing an additional 6,332 shares during the last quarter. Finally, Providence First Trust Co boosted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 8.6% during the fourth quarter. Providence First Trust Co now owns 136,127 shares of the exchange traded fund’s stock worth $15,000,000 after purchasing an additional 10,788 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.
iShares iBoxx $ Investment Grade Corporate Bond ETF Stock Down 0.0%
Shares of NYSEARCA:LQD opened at $106.23 on Friday. The company has a market cap of $34.28 billion, a P/E ratio of 32.25 and a beta of 0.43. The business has a fifty day simple moving average of $108.30 and a 200-day simple moving average of $109.36. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 52 week low of $106.07 and a 52 week high of $112.93.
About iShares iBoxx $ Investment Grade Corporate Bond ETF
iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.
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